Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Brendan W who wrote (802)	3/28/1998 6:28:00 PM
From: Investor2	Read Replies (2) of 5810

Thanks for the link to the Roth IRA information. I found the following quote interesting: "The benefits of rolling over your IRA into a Roth outweigh the marriage penalty, particularly if you're still a long way from retirement." The above statement seems to represent the "popular" view of Roth IRAs. Most everyone is interested in converting their current IRA to a Roth IRA. I'm not so sure, however, that converting is such a great idea. The short-term tax consequences of conversion could be significant. In my case, converting would be the equivilent of giving state and federal government thirty-some percent of my savings. Any thoughts on this issue are appreciated. Best wishes, I2

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